08/24/2021
(ASC X12) 1081 Loan Purpose Code
TYPE=ID MIN=2 MAX=2
Code identifying the reason the loan is needed
Codes
| 1 | Purchase Existing Home Previously Occupied |
| 2 | Purchase Existing Home Not Previously Occupied |
| 3 | Finance Improvement to Existing Property |
| 4 | Construct Home |
| 5 | Refinance |
| 6 | Purchase New Condominium Unit |
| 7 | Purchase Existing Condominium Unit |
| 8 | Finance Co-Operative Purchase |
| 9 | Manufactured Home |
| 10 | Manufactured Home and Lot |
| 11 | Manufactured Home and To Buy Lot |
| 12 | Manufactured Home and Lot Loan Refinanced |
| 13 | Construct New Home and Convert to Permanent |
| 14 | Purchase Unimproved Land |
| 15 | Other Loan Purpose |
| 16 | Purchase, Purpose Unidentified |
| 17 | Single Family |
| 18 | Multifamily Construction |
| 19 | Multifamily Project |
| 20 | Single Family Serial Note |
| 21 | All Terrain Vehicle |
| 22 | Dirt Bike |
| 23 | Farm Equipment |
| 24 | Jet Ski |
| 25 | Truck |
| 26 | Motorcycle |
| 27 | Snowmobile |
| 28 | Home Equity |
| 30 | Purchase Money Mortgage |
| 31 | Additional Financing |
| AL | Auto Lease |
| AR | Airplane |
| AU | Automobile |
| BO | Boat |
| CC | Charge Cards |
| CO | Charged Off |
| CT | Camper or Trailer |
| FM | First Mortgage Real Estate |
| MH | Mobile Home |
| PE | Personal |
| RE | Real Estate |
| RV | Recreation Vehicle |
| SL | Student Loan |
| SM | Second Mortgage Real Estate |
| SO | Sharedraft Overdraft |
Appears in
| LN | Loan Information |
Categories: